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Segment and Georgraphic Data
3 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Segment and Geographic Data
The Company follows the accounting guidance which establishes standards for reporting information about operating segments in interim and annual financial statements. The Company’s reportable business segments are organized in a manner that reflects how HRG’s management views those business activities. Accordingly, the Company currently presents the results from its business operations in two reporting segments: (i) Consumer Products and (ii) Corporate and Other. Refer to Note 20, Consolidating Financial Information, for disclosure of total assets for each segment.
The Company’s Corporate and Other segment includes the Company’s ownership of Salus, NZCH, HGI Funding and HGI Energy. The following schedules present the Company’s segment information for the three months ended December 31, 2017 and 2016:
 
 
Three months ended December 31,
 
 
2017
 
2016
Revenues:
 
 
 
 
Consumer Products
 
$
646.5

 
$
602.3

Corporate and Other
 

 

Total revenues
 
$
646.5

 
$
602.3

 
 
 
 
 
Operating income:
 
 
 
 
Consumer Products
 
$
34.0

 
$
61.5

Corporate and Other and eliminations
 
(7.4
)
 
(20.2
)
Consolidated operating income
 
26.6

 
41.3

Interest expense
 
(75.5
)
 
(78.7
)
Other income, net
 
1.0

 
1.0

Loss from continuing operations before income taxes
 
(47.9
)
 
(36.4
)
Income tax (benefit) expense
 
(126.0
)
 
5.6

Net income (loss) from continuing operations
 
78.1

 
(42.0
)
Income from discontinued operations, net of tax
 
500.8

 
302.8

Net income
 
578.9

 
260.8

Less: Net income attributable to noncontrolling interest
 
71.5

 
48.6

Net income attributable to controlling interest
 
$
507.4

 
$
212.2